Studies Indicate That Training in Statistics

question 66

Multiple Choice

Studies indicate that training in statistics

• A)has little impact on how participants make judgments outside of the statistics class.
• B)improves participants' understanding of statistical principles but does not teach them how to apply the principles to actual cases.
• C)helps participants make more accurate judgments,but only if they were explicitly encouraged to apply their statistical knowledge.
• D)improves participants' performance in a variety of judgment problems.

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Definitions:

Trade-In Allowance

The value that a dealer offers to a customer for the customer's used item (e.g., car) when purchasing a new item.

Accumulated Depreciation

The total depreciation for a fixed asset that has been charged to expense since the asset was acquired and made available for use.

Commercial Substance

A concept in accounting that indicates a transaction significantly alters the economic position or cash flows of an entity.

Straight-Line Depreciation

A strategy for dividing the cost of a substantial asset through its operational life in even yearly portions.